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to be realistic about how we can tackle these challenges. if there is a crisis that i see in the united states for the long term, it is not the temporal issue of how we will deal with money. because i am very confident we will be able to deal with that. it is how will we bring that -- bring back our sense of what we can accomplish together as americans when we are realistic about those challenges. that is the thing i think about the word "crisis" in this country. >> mayor castro is not the first to suggest that. for 10 years now, we heard that the government is not asking all of us to do enough. >> it is interesting. the word "sacrifice," when i hear a politician say that, it usually means grab your wallet. it usually means increasing taxes. and i will give president obama credit to in his the first presidential candidate since walter mondale to run explicitly on a platform that he will raise taxes. >> he is saying he will raise taxes on the wealthy. >> according to the supreme court, he already has raised taxes. that was the basis on which the supreme court of held obamacare, that it was a ta
the united states. you must be tired. you sit, i'll talk. you listen. and so i did. then he said this. and he repeated it again and again. where is american leadership? we need american leadership. where is american leadership? then he'd talk about a region of the world and what was happening in that region. then he'd say where is american leadership? then he'd go to another region and talk about the challenges there. where is american leadership? the world has always looked to us as the shining city on the hill. that light looks dimmer. we keep kicking the challenges down the road and hope someone else will deal with it. that time is now ours. this is the greatest generation that left us this nation so prosperous and so free. now it's our turn. they've held the torch alost for the whole world to see. a torch of freedom, opportunity and hope. they're getting fewer and further between, the greatest generation. they can't hold it quite as high as they used to. it's our turn to grab the torch. when i became president -- [ cheers and applause ] -- we're going to do what we have to do, we're going
, the united states is falling behind those countries. he said that the united states needs to be doing better than europe. that's one of his big go-to lines. europe is not working for europe. it isn't going to work here in the united states. so these two campaigns are going to be going at it over the economy. we heard president obama throw out a very attack line talking about the mother jones video that came out. he said in front of that crowd, he said when i look out at this crowd i don't see a lot of victims, referring to what mitt romney said in that hidden camera video. they're talking about defense stuff. but the economy looming o everything else. >> thank you, jim. appreciate it as always. president obama and mitt romney face to face. first presidential debate wednesday night. watch it live, 7:00 eastern or cnn.com. >>> also another huge story that has everybody talking. no kidding. the nfl and its refs. right now nfl commissioner roger goodell is taking questions at a presser in new york. let's see what he's got to say. >> -- and on their side why, and if there was a problem with full-
to hold talks and understand beyond the religion. >> morsi didn't directly criticize the united states that provides egypt with large amounts of aid. >> the iranian president suggested to the general assembly that israel poses a constant threat to his country. the leaders may carry out strikes on nuclear facilities. he said major powers of taking advantage of their nuclear weapons and other weapons of mass destruction to threaten states. >> the continuing threat to resort to military action against our nation is a clear example of this bitter reality. >> he called for reform of the united nations and the create of a new world order. he currently chairs the non-align movement with 120 countries and territories not linked with a major power block. he said unfairness and discrimination by a few nations is creating an economic divide and feeling conflicts. he told reporters he is ready to negotiate an end to the standoff in the united states if it lifts the sanctions against iran. >> based on the fundamentals of respect, we are ready and willing to have a dilock based on resolving the prob
for the viewrs of others. and he disassociated the united states from the hateful video that was made in california that derotted the prophet mohammed and islam. and the president said this is his main point, he was passionate about it. the americans have an abiding belief in made a compelling case mr.. he also had a message for iran and that is that while we want to negotiate our differences through diplomacy if that's possible, that time is not unlimited. i thought it was a warning to the iranian government is a difficult deal with. i thought it was a important speech that the president gave yesterday in my. >> >> host: how about mitt romney can, you assess from what yoaf heard and have seen over the months. is there anything close to what you might call a romney doctrine on foreign policy? how would you encaps late it? >> guest: he it a smart and successful person. he's been talking about foreign policy. it's not the issue he wants to emphasis in the campaign. he wants the campaign to be obviously about the economy and about our unemployment rate. and it's an unusual position for r
is unthinkable. and devastating. and when i become president of the united states, we will stop it. i will not cut our commitment to our military. >> the president once again blasted romney's hidden camera comments on the 47% of americans he dubbed victims of government dependence. >> i don't think we can get very far with leaders who writeoff half the nation as a bunch of victims who never take responsibility for their own lives. >> 47% of the people vote for the president no matter what. who -- >> the obama campaign turned romney's secretly recorded remarks into a devastating new ad claiming the gop nominee's words under the families and veterans. >> so my job is not to worry about -- they should take personal responsibility. >> romney two days in a row out to link national security to the nati sluggh recovery. he's seizing on new economic data revising down the 2nd quarter gdp. >> this is not just one quarter. this has been going on now for years. china's growing much faster than we. russia's growing faster than we. our economy needs to be reinvigorated. >> but not all the numbers
his speech. netanyahu has been critical of the united states, saying there is no more time for diplomacy on iran's nuclear program. plus, mira sore vino stops about her crusade to stop human trafficking and tomorrow you will meet a teacher who struggled a teacher that strug d for years and then found a way to profit off of what she was doing in the classroom and it turned her in to a millionaire. it's an amazing story. it is "out front" tomorrow. here's piers morgan tonight. >>> tonight, nuclear threat in the east, mahmoud ahmadinejad says he is the victim. >> no one feels secure or safe, even those who have stockpiled thousands of atomic bombs and other arms in their arsenals. >> we hear what will it take to keep iran from getting the bomb. >> i don't see victims. i see hard-working ohioans. >> we can't afford four more years like the last four years. we have to get the economy going again. >> campaigns go head to head. what the latest means. nate silver will be asked if romney can win and deepak chopra, wesley clark and ameerah al-taweel. things get lively at the clinton
saying ice free in as early as 202. we have a responsibility. in the united states we are about the only educated country or oecd country that will argue that this isn't primarily a human problem. somehow, we have to take this take this political system and move it the right way. it's time for the united states, in this area, to lead. we didn't lead. we should have led. after kyoto, it is time right now, urgently for the united states to team with china and lead us forward, out of where we are in carbon and in to a new, responsibility as global citizens. >> united states doesn't have to go through a battle to lead the world. you are already leading. you have other leaders who are emerging out there, which is fine. this is a globalized world. so just embrace them. keep inspiring and keep doing what you are doing. believe in young people. believe in technology and science and have leaders like them lead the way. >> it's a marathon. it's a marathon, not a sprint. i'm 37. i've done all the things you can possibly do in music, and i never thought i would be able to do those things when i was
with the united states. we are your number one exporter relation between colombia and the u.s. do you feel that the current administration is doing enough to encourage colombian trade? is there something more that can be done? what is your wish-list for your country related to the united states? >> but at least to have congress ratify the free-trade agreement with colombia, the free-trade agreement we negotiated and closed with the united states during the previous administration. liz: david has one more question. david, go ahead. david: it is related to the problems in mexico. as you know corruption is endemic in mexico. there is so much corruption that has gone on for so many decades in mexico. again a lot of businesses are reluctant to get in because of that. if you're going to clean up the drug problem in mexico as you did in colombia, you have to deal with corruption. particularly among the police who are supposed to go after the drug dealers, not work with the drug dealers. how do you deal with a corruption problem in a place like mexico? >> no, no. i can not speak about mexico. i ha
in united states to shrink from our belief in universal rights. i think it's just the example we get to the rest of the world. and that example because of events in recent years and iraq and afghanistan and elsewhere, the fact that our political system is not functioning as smoothly as it might have at one point, not as smoothly as it could operate, i think we've lost a little bit of our ability to influence others in the world. we have to acknowledge that, and we have to regain that. and then they will perhaps start following some of the examples we've set forward. we are still the most successful country, i think, democracy and the world. i think we been an example to asia, an example to europe. the doctor mentioned the marshall plan. that brought europe to where it is now. and i always am amused that people say this change can't happen. look at my european friends, they are all social democrats and they all have teams in queens. so i mean, it can happen. >> okay, more questions. >> hello everybody. i am from belgium and i'm currently working for the washington quarterly. i'd like
deduction. coming up live from the concordia summit at the plaza hotel, first united states ambassador to iraq when iraq was finally liberated from saddam hussein, lot of businesses wanted to get in on that country to help rebuild it. what are the challenges? we know there were some problems. also, the u.s. ambassador to the united states coming up next. we will be back with more of "countdown to the closing bell." [ female announcer ] you want family dinner to be special. dad, we want pizza. you guys said tacos. [ female announcer ] it doesn't always work out that way. you know what? we're spending too much money on eating out anyway. honey, come look at this. [ female announcer ] my money map from wells fargo is a free online tool that helps you track your spending. so instead of having to deal with a tight budget, you could have a tighter family. ♪ wells fargo. together we'll go far. with the fidelity stock screener, you can try strategies from independent experts and see wh criteria they use. such as a 5% yield on dividend-paying stocks. then you can customize the strategies and
, the united states will stand along with our allies and put a time frame, a time limit on this and really force iranian compliance with the iaea regulations or the consequences would be really, detrimental for iran and the economy and perhaps take a military course. melissa: yeah, it feels like we're not having impact. that's why we're talking about all these things tonight. thank you very much ambassador, for coming on. >> thank you very much. melissa: hoards of demonstrators violently taking to the streets of greece and spain to protest new austerity measures. governments are trying to take one step forward to solve the continent's debt crisis but some citizens seemed determine to take two steps back. with the u.s. trying to solve its own looming debt crisis could we see this kind of turmoil break out here? steve moore from "the wall street journal" joins me with more on this. we watch these protests going on in the streets and the first thing on my mind is that it seems like things are getting worse instead of better across europe and i thought that we had sort of solved, at least part
. and i should say this too. the israeli prime minister, before embarking to the united states, made remarks briefly yesterday on the holiest day, right before the holiest day in the jewish calendar, yom kippur. he said this speaking about mahmoud ahmadinejad speaking at the united nations on that very same day. and i quote. on this day when we pray to be inscribed to the book of life a platform was given to a dictatorial regime who tries at every step to sentence us to death. it is position of the israeli prime minister if not stopped iran will developed enriched-uranium that could be used to make a bomb as early as spring of 2013. we expect him to elaborate on that in just the next few moments. megyn. megyn: david lee miller, thank you so. there was, as we've always heard from iran some bellicose language from its leader in the united nations. israel will have the chance to respond after mr. netanyahu speaks, we will be joined live right here for reaction and perspective by general jack keane and ambassador john bolton. don't miss it. busy afternoon. >> the cost of food is up. the
time to talk. to your point the united states administration said we still think there is still an opportunity for diplomacy. what you heard from prime minister netanyahu today is that israel is not going to act unilaterally. they are, they feel they are in concert with the u.s. policy at this time. and that they feel that there is a need for the world. he spoke in global terms that the threat that it poses. it will spark an arms race to make the middle east totally tender box for terrorist. >> bret: judge? >> i thought the prime minister netanyahu made a brilliant and compelling, very, very scary case for containing iran. but i disagree with juan. he damned the president with the faint praise. it's obvious he doesn't want the president re-elected. obama has approval rating in the single digit in streets of tel aviv and jerusalem. i take a little different approach here. israel is a sovereign country. it doesn't need the approval of any international body to defend itself. if iranian use of nuclear weapons on israel is imminent under principles of the just war and international
've been talking this week about red lines that he doesn't want iran to cross before the united states would be involved in military action. i think he's going to lay out what his red lines are and to say to the world, listen, this is a crisis that the whole world has to deal with. i think this is seen as his final warning that if we done see movement on this issue, israel will have to act. >> i want to talk about the iranian president. i'll let you first eat a little crow. you made a prediction that was wrong. >> i thought -- i said yesterday on this show that i thought ahmadinejad would kind of go for broke, kamikaze in his last u.n. general assembly. instead, he talked about, you know, this new world order that he sees when the world powers would have less influence. but he wasn't as fiery. he didn't mention israel by name. i think a lot of people were surprised. in the statements he was saying leading up to this appearance he was much more fiery. i think in addition to ban ki-moon, the u.n. secretary general asking him to tone it down, i think maybe the supreme leader in iran said
everyone up, including the president of the united states? >> sean: it's frightening. you know, i really loved your book. i actually went back and started rereading it, knowing you'll be on the program today. i look at this president, and i think of woodward, your partner who's a little more left wing, and bernstein and watergate, all that you've been through in your career. we have a situation where i believe the president of the united states is purposely lying. let me tell you what i mean. when he keeps referring to this attack on our embassy, and all of the evidence, including the libyan president, there were two waves of attack, mortars were used, i don't think a spontaneous attack -- i don't think somebody was holding a rocket-propelled grenade with them. it's on the anniversary of 9/11. the president keeps going back t nobody saw released in july as an excuse. that seems to me the type of story that the media would jump on and say, give us the facts here. why didn't we have beefed-up security on 9/11 at our consulate, at our embassies? where did we drop the ball here? they don't a
're asking is an important one. >> there's assumption the united states has military might to wipe out the nuclear programs. but there's -- there's an argument that israel's making, these things are hidden, underground. how do we know whether we would just be slowing them down and delaying the inevitable? >> well, i think we have to -- here again we have to wreck flies a certain fact. neither the united states nor israel can destroy the iranian capacity to build a nuclear weapon once and for all. we can destroy all of the facilities in the infrastructure that they have and it would be very costly and take them time to rebuild it, but they have the know-how and engineering capability to rebuild whatever would be destroyed. one of the reason it's important to create a context where the international community believes everything's been done that could be done and you've exhausted all of the diplomatic options and given the economic sanctions sufficient time, you need that so that the world says, you know what? the iranians had a chance to prevent the use of force against them, they didn'
.2 million people infected with hiv here in the united states, jim and about 20% to 25% of those individuals are unaware that they're affected. and what's most concerning is it's those individuals who are affected but unaware. they're responsible for 50 to 70% of the forward transmission. so our objective is to put it out there to make it easier for people to know their history status. >> do you envision a world where someone has unprotected sex, they would go to the drugstore and get this within 72 hours? >> we have spent a lot of time making sure consumers can understand the appropriate use of the product. it's not designed to detect infection immediately after someone is infected. but it's the exactly the same technology that's used in doctors offices and the public health centers. this is the rapid leading history test in the united states and now we're making it available to consumers. >> our show has been focused on hepatitis c. you've got a test for it, but you just don't think -- you talk about it as a billion dollar opportunity, but it's not as big for your company as this one. >> w
those made about the domestic and foreign policies. in the united states and in europe. their voices are not heard, even if they constitute 99% of the society's. human and ethical values are sacrificed in order to -- and their willingness to listen to the demands of the people has become only a two at a time in election. the current world order is -- and based on injustice. distinguished friends and colleagues, what should be done and what is the way out of the current situation? there is no doubt that the world is in need of a new order and a fresh way of thinking, in order in which man is recognized as god's supreme creation enjoying material and the spiritual qualities and possessing a divine nation filled with a desire to see justice. an order that aims to revive human dignity and believes in universal happiness and perfection. three, in order which is at peace, security and welfare for all walks of life around the globe. four, in order found upon trust in order. rulers must love -- five, a just and fair order in which everybody is equal before love and in which there is no -- le
. earlier this year iran threatened to close the strait of hormuz. the united states drew a clear red line, and iran backed off. now, red lines could be drawn in different parts of iran's nuclear weapons program. to be credible a red line must be drawn first and foremost in one vital part of their program. on iran's efforts to enrich uranium. now, let me explain why. basically any bomb consists of explosive material and a mechanism to ignite it. the simplest example is gunpowder and a fuse. that is you light the fuse, and you set off the gunpowder. in the case of iran's plans to build a nuclear weapon, the gunpowder is enriched uranium. the fuse is a nuclear detonator. for iran amassing enough enriched uranium is far more difficult than producing the nuclear fuse. for a country like iran, it takes many, many years to enrich uranium for a bomb. that requires thousands of centrifuges spinning in tandem in big, very big industrial plants. those iranian plants are visible, and they're still vulnerable. in contrast, iran could produce the nuclear detonator, the fuse, in a lot less time. maybe u
that israel is in a position whereby no red line by the international community, by the united states, israel may have to do what it has to do and then make the phone calls. melissa: yeah. we were all sort of stunned in the newsroom and stood up and looked at this because he is holding up this giant whiteboard to make his point. what do you think the reaction will be now? >> well the reaction of course on behalf of the iranian regime and their allies, that would be the syrian regime, hezbollah in lebanon, some politicians in iraq, hamas maybe, they could attack the prime minister of israel and accuse him of escalation. reality others in the region, such as saudies, kuwaities, threatened by the iranians have someone speaking on their behalf but not a arab leader, the leader of israel. melissa: i was in the middle east recently and leaders are definitely nervous. they see this as almost an inevitable conclusion at this point. do you think 70% to a bomb is about where they are? do you think it is even further than that? >> i think iranians are working on two tracks. one is slowly gradually to ge
be accurately described as young. >> thank you so much. there is no organization in the united states that is better at serving as a forum for the principal legal issues of the day. i have been asked to comment as well on the voting rights and same-sex marriage issues. she has done such a good job in describing these cases. the two points i would make about same-sex and voting rights act cases is why would the justices get involved because these cases are not on the docket. the court family takes only one out of 100 cases. but doma has been invalidated by a federal court of appeals. if we're going to strike down a federal statute, that is our job, the supreme court's job. the voting rights act cases, several of them come on appeal. generally, you have to ask the supreme court to grant review in your case. but there are tiny slivers of cases in the united states code that allow them to go to the supreme court could but the voting rights cases they almost have to take. they suggested very serious concerns about the constitutionality of section 5. they have a lot of interest in this issu
leaders who are signaling they're coming to the united states to the u.n. general assembly and they express the desire through their ambassadors to the state department they want to meet with the president. and those options are then put before the national security adviser, and he decides whether or not to make any recommendation to the president on who to meet. well, it's quite clear that either he didn't make any -- either he made recommendations that there's no reason to meet with anybody, or he did make recommendations and the president said, in a, i don i d want to meet them, i'll give a speech and then get to ohio. >> just to follow up on this, i'm thinking of the netanyahu story with israel and iran. one of the key issues, we had professor from harvard law school is whether the united states will truly decisively back up netanyahu and israel militarily. now, with all respect to hillary clinton who is doing a fine job on this stuffy imagine, it's only the president who can make a statement like that.imagine, y the president who can make a statement like that. only th
a lot of the same problems that we have here in the united states. >> ifill: is there also a problem with coming to some sort of resolution as far as germany and other bank-- money-- money givers go? that somebody else is going to get in line. that if you give greece money, spain is going to be standing there. if you give spain money portugal could be standing there. >> there is this problem of political moral hazard going on which is really, as you say, well, if you give us, let's say, debt relief to greece, well, then you can be pretty sure that other european countries that also have received bailouts will want the same treatment. so what you're trying to do in europe, in minute, is really to-- i believe that ultimately debt relief will have-- further debt relief will have to be given to greece by the euro area governments. but they're really trying to make the road to that so arduous and so terrible that nobody else in europe will really want to go down that ute. an as we'r looking at greece today-- which has a cumulative decline in g.d.p. of, you know, close to 20% and still dro
these grants will be against israel and the united states. there were some side blows, but i would say for the state usually is in, he was kind of mild. he wants to establish a new world order that he is suggesting with all countries being equal, everybody living in peace and harmony -- that is at least what he said, but if you go into details, it does not make much sense. >> the egyptian president also took to the podium today, saying he opposes military intervention in syria. how was his speech received? >> it was very well-received, and it was a very well structured speech. it was a historic moment. first democratically elected civilian president of egypt speaking in front of the general assembly. he touched upon all the important topics, including syria, but what might have come as a surprise to some was that his most important topic is priority topic, was one that was more or less neglected this year as opposed to last year, which was the palestinian problem. he said that was the most pressing problem in the world. criticized israel without mentioning it, that they oppose the foun
, state fair and there's also the brewery which is the only -- brewery in the united states. a beautiful setting as well. you can taste your beer and see all the leaves turning there as well. >> really great. why don't we go to the blue ridge mountains in asheville, north carolina. >> that is a beautiful spot. >> i love it there, it's gloriously beautiful. >> gloriously beautiful indeed and one of the destinations you get to see all the color spectrum in fall. every possible color imaginable two big highlights, the blue ridge parkway, which is one of america's favorite drives, you can bike that or drive it get off and go hike and climbing you built mother biltmore estate largest private residence in the united states, built for george vanderbi vanderbilt, has an amazing art collection and formal garden. >> look at that. that shot is gorgeous. >> gorgeous. >> colorado. >> oh, come on. >> just hearing the word. >> oh. rocky mountain high. >> indeed. lots of yellows. >> tell us about that area. >> the grand mesa national forest was a big pick for us. you can go up a chair lift there and see
here in the united states? we've got similar issues, don't we? we have an e more nor we? we have an e more nomous debt l and the debate on what to cut. >> there's always a question of priorities and where you focus your attention. i think the president has made a major effort to reduce the budget deficit and also to invest in the future of the country, just like a corporation in many senses that has too much debt, that it has to put its debt in line with its ability to raise revenues. it also has to invest in its future. the president, i think, is investing in education, infrastructure, many things that will make the country stronger. that's really the goal. it's to have a sound budget policy but also invest in the country's future. i think that's what the president's trying to do. >> but bob, we haven't had a budget in three years. >> well, a lot of programs that he's proposed have not gotten through the congress. that's a big challenge. he's focused on education. he has a very significant proposal on infrastructure development. these are the kind of things that are needed to make us
powers in his final address at the u.n. the united states and israel have pledged to do what they must to prevent tehran from deeflg nuclear weapon. >> translator: continued threats by the uncivilized zionist to resort to military action against our great nation is a clear example of this reality. >> reporter: u.s. and israeli leaders chose not to attend president mahmoud ahmadinejad's speech here in the u.n. in part because it occurred on yom kippur. demonstrators protested mahmoud ahmadinejad's appearance. >> mahmoud ahmadinejad, again does not represent us all. >> reporter: iranian-americans from across the country joined the protest. >> to send a message that the people of iran stand for democracy, human rights, secular nonnuclear iran. >> reporter: during his speech mahmoud ahmadinejad didn't address his country's nuclear program but did say his nation was committed to peace. >>> secretary of state hillary clinton said the work was al qaeda operatives on the cult in benghazi. at a u.n. conference yesterday clinton said al qaeda was exploiting the safety of northern africa to expan
that up in the gulf of alaska, even the weather pattern's pretty tranquil on the west coast of the united states. and you can see just to the north here some of the southern portion of those clouds on that cold front to the south of that storm that will be moving in through canada during the day today, but overall, it's a very quiet day, just a few clouds are lingering on the coast. so, the forecast for today. again, with that storm up in alaska, usually the winds are out of the south and kind of spreads some of the warm air to the north, so we're going to be 82 today in portland, 83 there in boise and even seattle, after a couple days in the 60s, getting back up near 74, and we're seeing very enjoyable, warm-weather conditions continuing interior of california and down there in arizona. that's a look atweather, enjoy lasts. even san diego today not bad, up near 80. i like those big, huge storms. i'm a big fan of that "deadliest catch" show. i can just picture the boats on the big, huge storms in the gulf of alaska. >> it's always nice to get insight into your mind, bill, this early in th
.3% in the second quarter. the united states economy is barely, barely moving. now i think voters want to know what's going on. dagen: what's going on with mitt romney, he can't seem to put together a cohesive discussion about the state of the economy that is resonating with voters. you mentioned in the column that he was talking about trade cheaters and energy independence, which seem wholly removed from what is really happening right here right now on the ground for the american people. >> well, the ads that target china as a trade cheater are aimed at voters in northern ohio and around the great lakes where the auto workers are, but obama has been running his own ads hitting china, so i think they kind of neutralize one another. we had a report this morning that durable goods orders have dropped the most since january 09. orders for motor vehicles and motor vehicle parts dropped 11% in august. whatever obama did to bail out the auto industry, those people working in the industries in the northern ohio are the ones affected by a figure like that. and i don't quite understand why romney isn't goin
speech he would say the united states was the only country on earth where we put our hands over our hearts when we sing our national anthem, which was quickly disproved by just looking on youtube. people around the world going like this and singing their national anthem. he dropped at the very next day. he never said it again. >> he paid the price. >> maybe. >> i would say that is an example of actually changing behavior, which i think happens rarely and in small increments. >> i think the other thing we were talking about before the panel with brendan, the other thing we do not know, how many conversations are going on with campaign message people, with people making ads, with speechwriters, they are talking about wording. how often are they saying, if we say that, the fact checkers will get us? i suspect that is happening a lot. the only evidence i have of that is a column written by connie schultz, who is married to sherrod brown, who says that happens in the brown campaign. i suspect that is happening in many campaigns. there is so much fact checking going on, not just with our
a stake in and it's tesla here in the united states. they're coming out and saying that they're developing plans, they'll have to slow things down, not going as quickly as originally thought. any concerns about the demand in the future for the electric car given your investment in tesla? >> i think the oem is never in a hype mode as some of the media was as far as electric cars are concerned. this transition will happen. it's a long transition. we're very very beginning. we'll see customers, but of course so far it's a niche and will take time to develop. we will continue to pioneer this market and in 10 or 20 year, electric cars will play a significant role. >> doctor, thank you for joining us live from the paris auto show. joe, becky, andrew, it does not lk like there's a bottom. we're hearing from ceos and they are not seeing a bottom yet. are you looking out at 2015, 2016 before the auto industry can say, okay, at least we see a base here. >> bad news add to go a pile of bad news we've heard recently. phil, thank you very much. and we do want to have you back here soon to talk to us mo
. but here in the united states, with respect to the rally, i'm getting a large number of questions. we're getting a large number of questions about whether or not the stimulus boost from federal reserve easing is what it used to be, so to speak. i would remind people take a look at the last couple of instances, we've had similar measures. we've had similar instances of people wondering whether the fed was -- if i had $1 for every time we talked about the fed being out of bullets, i'd have lots of dollars. and we're going through that again. >> they would all be worth less. >> the previous dollar, yes. >> less than maybe ten years ago. not necessarily less than five years ago. >> shame on you for that populist comment there that you should be cutting taxes in europe. at what point do you think the spanish are going to cut taxes given the situation that they're in? shame on you for appealing to your republican base in such a shameless way. >> btig's clients would be interested to know that i had a republican base, but listen. at the end of the day, there isn't a sort of a one-size-fits-a
, the united states. some income producers, growth names and stocks with solid dividend boosts and, of course, some gold. these have been the correct calls to make. i've stuck with this market because i believe europeans are not suicidal. so far so good on that front. at least of late. i believe chinese economy will simply come back by virtue of the fact there's a tremendous urban migration within china. i believe the federal reserve's stance, brought about you by ben bernanke, will serve as a bridge over fiscal cliff and not take us down. the federal stance will take higher paying dividend companies into gems, seeking income, we'll band in bonds of cash poor countries and buy cash rick countries with yields that well exceed treasuries and still own a lot of gold. there's not a nation on earth that doesn't want its currency lower. that reserve currency is gold. also not to toot my own horn too hard, but throughout this period i recognized primecy of some bigger stocks, intel, wells fargo, verizon come to mind or the recognition you must own, not trade, own apple until it's too expensive versu
their friends in southern europe and indeed the economy here in the united states. michelle caruso-cabrera will talk about some of the bad pigs in a minute, but first senior economics reporter steve liesman with the story of some vindicated doves. >> because the new game is called "bad piggies." that's where we're coming from. >> and we're only doing this because the producer jason gawertz made us do this. he said could we think of an app that would apply with today's data and i did. it's called vindicated doves. at least initially here, why is that? because essentially the economic data came in weak. let me show you what the economic data showed. the numbers come in you're looking for 5.6% positive -- or negative. you get minus 13.2 off a prior 3.27%. i think the dove says i don't care i had this one right. gdp took .4 off the prior print right there. midwest manufacturing down negative. p and pending home sales much changed from the prior month from positive to negative. take a look at some of the comments here. vindicated doves. anyone facing doubt about the need forred 23ed's r
such as in europe. >> tom: i want to ask about demand here in the united states, because natural gas prices have been very low for quite some period of time thanks to new drilling techniques that have led to an abundance of natural gas. how high are natural gas prices have to go in order for your industry, the coal miners, to begin to see a pickup in demand domestically? >> well, when we see gas get back to the $3 range, coal will be back in money in terms of dispatching the electricity market. i think it's public policys that don't allow us to compete and we're starting to see what we believe are bad public policys that are going to carry bad chemical weaponss for american business and american consumers. >> tom: i want to ask you about one of those, an e. p. a. rule that would require plants built after april 2013, power plants, to have carbon capture technology. what kind of impact may that have on coal demand there after? >> well, tom, that is a policy that says we're not going to invest in the future of coal and future of clean coal technology, because if you're going to require something t
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